MAG Silver Corp. (TSE:MAG – Get Free Report) (NYSEAMERICAN:MAG) Director George Nickolas Paspalas sold 11,634 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$15.85, for a total transaction of C$184,398.90.
MAG Silver Stock Performance
Shares of MAG opened at C$16.46 on Friday. The company’s fifty day moving average is C$12.56 and its 200-day moving average is C$13.60. MAG Silver Corp. has a 12 month low of C$11.15 and a 12 month high of C$19.28. The firm has a market cap of C$1.70 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. The company has a quick ratio of 25.31, a current ratio of 15.04 and a debt-to-equity ratio of 0.03.
Analyst Ratings Changes
Several research analysts have weighed in on MAG shares. BMO Capital Markets dropped their price objective on shares of MAG Silver from C$21.50 to C$21.00 in a research note on Thursday, January 25th. Stifel Nicolaus upped their price objective on shares of MAG Silver from C$19.00 to C$19.50 and gave the company a “buy” rating in a research note on Thursday, March 28th. Raymond James dropped their price objective on shares of MAG Silver from C$21.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Thursday, March 28th. Finally, TD Securities dropped their price target on shares of MAG Silver from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$19.69.
Get Our Latest Stock Analysis on MAG
About MAG Silver
MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company’s flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.
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